In what has been described as a significant watershed in collaborative efforts, three integrity institutions of the Government of Liberia have agreed to work towards a common cause to foster collective efforts in combating financial crimes and promoting good governance in the country.
The Financial Intelligence Agency (FIA), Liberia Anti-Corruption Commission (LACC), and Liberia Extractive Industries Transparency Initiative (LEITI), on January 24, 2024, agreed through their respective heads to align their works in executing their statutory responsibilities. The primary objective of the collaborative initiative is to combine the strengths, resources, and expertise of the FIA, LACC, and LEITI in a unified front against money laundering, corruption, and other financial crimes.
According to the heads of these entities, by working together, the entities aim to enhance efficiency and effectiveness, streamline processes, ensure collaborative approaches to sharing intelligence, identify practical solutions and strengthen their collective impact on ensuring integrity and transparency within Liberia.
Speaking at the end of the meeting, during which the agreement was signed, the three heads were visibly excited about the outcome of the meeting, spoke from their respective perspectives, and expressed optimism that the new arrangement would bolster their work and improve productivity.
“This collaboration is a significant milestone in our collective efforts to safeguard Liberia’s financial system. By pooling our resources and expertise, we can address financial crimes more effectively and promote a culture of transparency and accountability”, said Stanley S. Ford, Director General of FIA.
Cllr. Alexandra Zoe, Chairperson, LACC, who spoke on behalf of her institution, said the initiative with the other institutions was a massive step forward in the fight against corruption. “Our partnership with FIA and LEITI marks a crucial step in the fight against corruption. Together, we can amplify our impact, enhance oversight, and build a stronger foundation for integrity in Liberia”, she said.
Mr. Jeffrey Yates, Head of Secretariat at LEITI, lauded the initiative and indicated that it will assist his agency in meeting critical requirements of the 2023 EITI Standard.
“Transparency in the extractive industries is vital for national development. Through this collaboration, the LEITI will ensure that recommendations and critical findings from their reports will be shared with the two institutions for deeper review and consideration.”
In conclusion the collaboration reflects the shared commitment of FIA, LACC, and LEITI to work together in addressing financial crimes and corruption and promoting good governance. The synergy created by this partnership is anticipated to yield positive outcomes for the nation.